GAAP Courses, Certification & Training in Noida

GAAP Courses, Certification & Training in Noida

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Generally Accepted Accounting Principles (or GAAP) is a set of accounting standards or rules used for financial reporting. Financial reports and statements prepared by an organisation should adhere to the industry standards so that there is transparency and consistency, which GAAP ensures. Though there is no universal GAAP standard and it differs from country to country, organisations should adopt the local standards.

Naukri Learning provides candidates with well-designed online courses in GAAP which will help candidates to learn the latest accounting principles. There are other related courses like CFA, IFRS, GST, Accounting Tools, and Capital Budgeting which can help professionals in the finance & banking industry.

Benefits of GAAP

• With GAAP, organisations can have an accurate picture of their revenue. You will be able to predict patterns that was not there earlier.
• GAAP is a widely accepted international standard for accounting principles. This will help an organisation to gain trust in those who are interested in investing.
• It is easier for potential investors to compare financial statements when they follow standardised accounting guidelines.

Whether you are a seasoned accountant or a fresh finance graduate, a certification will help move your career in the right direction. Outlined below are the reasons to help you understand the advantages to enrol in a GAAP certification:
• Based on a Naukri survey, 67% of the recruiters mentioned that they prefer certified candidates and are also willing to pay higher.
• You can improve your current profile with a certification and have an advantage in your next job interview.
• With a certification, you can increase your chances of a promotion or get better job opportunities.
• You will learn the accounting standards used in financial reporting.
• You will acquire the skills and techniques used to prepare financial reports adhering to the local standards.

• Accounting skills – To be able to utilise the maximum benefits of GAAP, you need to have excellent skills in accounting.
• Mathematical skills – Good knowledge of mathematics is always important in accounting and GAAP is a standard for accounting principles.
• Analytical and decision making – As an accounting professional, you also need to have good analytical and decision making skills.

Frequently Asked Questions

1. How are IFRS and GAAP different?

IFRS stands for International Financial Reporting Standards. GAAP stands for Generally Accepted Accounting Principles. GAAP must be adhered to when a company distributes its financial statements outside of the company. IFRS harmonizes accounting across the European Union but the value of harmonization quickly made the concept attractive around the world..

2. What do the acronyms GAAP and non-GAAP mean and how are they applied?

GAAP is the accounting standard used in the United States. The SEC wants public companies to use GAAP for reporting purposes. Non-GAAP metrics alternatively define profitability, to enrich the financial information that investors receive..

3. Differentiate GAAP, IFRS and Ind AS.?

GAAP is a framework of accounting standards, rules, and procedures followed by companies when they put together their financial statements. IFRS is a global framework of general guidance to prepare financial statements. Indian accounting standards are developed by the Institute of Chartered Accountants (ICAI). The objective of ICAI is too harmonize diverse accounting policies and practices. It aims to boost reliability and uniformity of financial statements..

4. Are GAAP or non-GAAP earnings closer to the earnings used for tax purposes?

Small businesses follow cash-basis reporting for tax entities. That is not GAAP. While, accrual-basis tax reporting entities are aligned more with GAAP. Some material differences do exist in isolated cases like in case of deprecation..

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